Derivative Operations provides operational support across the Corporate and Investment Bank, covering key product areas including FX, OTC Derivatives, Principal Collateral, 3rd Party Derivatives, Cleared Derivatives, Agency Collateral, Billing and CASS, offering broad exposure to complex products and end-to-end trade lifecycle processes.
As a Trading Services Associate ll within JPMorganChase, you will be responsible for Collateral Data Management, GAUSS adherence for all controls and regulations, cross LOBs metrics and projects and building the culture of continuous improvement supporting business across Back Office, Middle offices as well as Global teams.You will be interacting with multiple Operations & Technology teams within the organization to (re)design process.
Job responsibilities
- Responsible for tracking remap negotiations this includes but is not limited to managing the expected demand NMCR phase 2 (non-cleared margin). Making sure the team is organized and can accurately track and control newly signed and amended CSAs.
- Production team in Mumbai responsible for CSA discount curve mappings for each Line Of Business including: Daily process to translate CSA information into Discount curves and FCFs.
- Key controls over changes in CSA data, curve overrides
- Key controls on data quality of data used in the CSA Discount curve mapping process
- Face off to multiple asset classes and be able to co-ordinate a global strategy effectively and efficiently.
- Accurately capture the impact of a change to a CSA from a PnL and Risk point of view across multiple asset classes and businesses.
- Gather business requirements, perform detailed analysis, and produce associated functional specifications where required.
- Partner with Operations, Technology and Front Office groups globally within JPM to define and implement new requirements
- Risk mitigation, ensure the risk in JP Morgan's outstanding portfolio of trades is effectively mitigated and controlled through various control & risk mitigation processes and function.
- Close interactions with senior experts from various different teams and regions including global Middle offices, Technology and Compliance to resolve outstanding issues. This role will involve a large amount of facilitation and negotiation.
- Actively work with the global team and management to achieve both industry and internal targets.
Required Qualifications, Skills and Capabilities:
- Minimum 12 years experience with Graduate or Post-Graduate with experience in Derivative Operations (Middle Office / Back Office) role
- Strong numerical, analytical, technical and problem solving skills.
- The role global in nature therefore will require strong communication skills and the candidate should be highly articulate in the English language.
- Attention to detail. Demonstrates willingness to deep dive into an issue or problem to establish and address root cause.
- Drive and motivation: successfully handles and prioritizes multiple tasks, takes initiative and leads to improve own and team's performance, works intensely towards extremely challenging goals and persists in the face of obstacles.
- Strong team player- effectively collaborates with others both locally and globally.
- Creativity/Innovation- leads by example to challenge status quo and looks for new ways to improve current processes and procedures. Develop creative solutions that are grounded in reality and have practical value.
